Previous close | 45.46 |
Open | 45.08 |
Bid | 45.39 x 0 |
Ask | 45.40 x 0 |
Day's range | 45.02 - 45.54 |
52-week range | 37.62 - 53.85 |
Volume | |
Avg. volume | 57,231,141 |
Market cap | 792.879B |
Beta (5Y monthly) | 0.78 |
PE ratio (TTM) | 9.78 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 2.43 (5.35%) |
Ex-dividend date | 25 Oct 2023 |
1y target est | N/A |
Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after reports it was considering selling more shares. "We continue to be positive about HSBC and will continue to hold the investment," said the source, who declined to be identified because of the matter's sensitivity. Ping An Asset Management, a wholly-owned unit of Ping An Insurance, did not immediately reply to Reuters' request for comment.
The Chinese insurance giant, which emerged as a major shareholder in HSBC in 2017 through its asset management arm and has had a tumultuous relationship with the lender in the recent past, has been offloading shares in the London-headquartered banking group. It has sold HSBC shares worth $50 million so far this month and the report adds Ping An is considering selling more as it looks to cut its $13.3 billion stake in the lender. Ping An had been pushing the lender to implement a slew of reforms, including spinning off its Asia business.
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.